On Wednesday , USDINR likely to start with positive note after yesterday sharp 26 pips reversal from important resistance levels. Dollar tends to Decline Further Due to Falling Demand for Federal Reserve Swaps.
Indian and Chinese military commanders have agreed to step back from a confrontation over a disputed stretch of border where a clash last week left 20 Indian soldiers dead, government officials in New Delhi and Beijing said on Tuesday.
INTRADAY RANGE - 75.21 ( 75.47 - 75.72 ) 75.98
GLOBAL HIGHLIGHTS
The dollar was under pressure after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning investor appetite for riskier currencies.
The euro is headed for its best month against the dollar since October, and in morning trade clambered back toward a one-week high hit overnight, last buying $1.1316.
The risk-sensitive AUDUSD morning moves, with a 0.25% gain to $0.6946, pushing it towards the top end of the range that it has held for a couple of weeks.
The yen held on to overnight gains at 106.46 per dollar, reflecting caution and also corporate flows as investment juggernaut SoftBank started a $21 billion sale of its stake in U.S. telco T-Mobile.
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